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that's what our economy needs. that's what the american people deserve. >> the white house is also turning to social media in a new twitter hash tag to spread his message. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean you to. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using th the #my2k. not y2k, #my2k. >> they showed support for cutting a deal with the president. yesterday the oklahoma republican repeated his belief that congress should start by locking in tax cuts for the middle class. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now, continue to fight against any rate increases, continue to try to work honestly for a much bigger deal. >> if the president is willing to accept 80% of
that's what our economy needs. that's what the american people deserve. >> the white house is also turning to social media in a new twitter hash tag to spread his message. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean you to. call your members of congress. write them an e-mail, post it on their facebook walls. you can...
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Nov 30, 2012
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it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president
it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want...
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Nov 30, 2012
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. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> as the rhetoric heats up, the clock continues to tick down. after today, there are just ten legislative days on the calendar. the house announced they will be recessing one day early next would he week. joining me now from the white house, white house correspondent kristen welker. what's the latest from 1600 pennsylvania? >> well, good afternoon, craig. as you can see the holiday decorations are going up here at the white house. but it doesn't seem like anyone is in the holiday spirit. in fact, house speaker john boehner today said that these negotiations are essentially in a stalemate. president obama as you know hit the road, went to hatfield, pennsylvania to take his case to the people of pennsylvania. trying to put pressure on republicans to get on board with his plan to increase taxes on the wealthiest americans. he made his case at a toy maker there and exceptionally said that if lawmakers can't get a deal done
. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> as the rhetoric heats up, the clock continues to tick down. after today, there are just ten legislative days on the calendar. the house announced they will be recessing one day early next would he week. joining me now from the white house, white house correspondent kristen welker. what's the latest from 1600...
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Dec 2, 2012
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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Nov 29, 2012
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, have a lot of money on the line, recognize house republicans are willing to go nuts and wreck the economy if you enlist them, you've put additional pressure on republicans to come to the table and agree to a deal that's more along the lines of what democrats and president obama would like to happen. i think there's -- there's something in it for president obama. >> maybe form a daisy chain with the ceo of caterpillar and pepsico and walk around. >> not touching that one. >> interesting optical political kabuki theater. as moderate republicans join the critical corous over susan rice, we'll look at rice resume on "now." so anyway, i've been to a lot of places. you know, i've helped alot of people save a lot of money. but today...( sfx: loud noise of metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) awhat strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. [ male announcer ] introducing a brand new medicare prescription drug plan. it's called
, have a lot of money on the line, recognize house republicans are willing to go nuts and wreck the economy if you enlist them, you've put additional pressure on republicans to come to the table and agree to a deal that's more along the lines of what democrats and president obama would like to happen. i think there's -- there's something in it for president obama. >> maybe form a daisy chain with the ceo of caterpillar and pepsico and walk around. >> not touching that one. >>...
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Nov 29, 2012
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. >> the goal is to grow the economy and cut spending. you won't grow the economy if you put tax rates on the top two rates. >> there was no serious discussion by the white house on entitlements on medicare and medicaid. this has to be a part of this agreement. >> reporter: the white house is going all out on this campaign tactical front, even deploying twitter, using the hash tag, to learn how they would save. >>> and chuck todd on the white house lawn, starting us off. a big aspect of this again is medicare, 50 million americans get their health insurance through medicare. that number is growing quickly as the baby boom number gets older. polls show americans don't want big change to it, but big change could come. nbc's tom costello has more on what it may look like. >> reporter: it is one of the most popular government programs, but medicare now accounts for more than 13% of federal spending, and expected to grow at what many analysts call an unsustainable rate. so among the many options congress could consider to cut costs, slowly rai
. >> the goal is to grow the economy and cut spending. you won't grow the economy if you put tax rates on the top two rates. >> there was no serious discussion by the white house on entitlements on medicare and medicaid. this has to be a part of this agreement. >> reporter: the white house is going all out on this campaign tactical front, even deploying twitter, using the hash tag, to learn how they would save. >>> and chuck todd on the white house lawn, starting us...
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Nov 29, 2012
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that's not the american dream and that's not the way you make an economy work. they're way and you have whack. >> you raised the issue of germany. many point to it's robust economy and manufacturing sector who would resist here worker representationen oh the board of directors. how has the actual representation impacted labor strife over in europe, for example? >> you know, there is some strife, but i think there is also more of a sense that we're all in this together. as you point out i mentioned germany, but it's, you know, france all the way through the nordic countries. the other thing that's key is in a newly emerging democracy like brazil the workers through collective bargaining is four to five times the level of the united states. you have rising wages millions of brazilian workers coming into middle income status, able to buy the things they produce and a growing economy in brazil. here, the micro system of each employer trying to maximize profits at the expense of employees is leading us to a sled ride to the bottom. that's a large reason our economy i
that's not the american dream and that's not the way you make an economy work. they're way and you have whack. >> you raised the issue of germany. many point to it's robust economy and manufacturing sector who would resist here worker representationen oh the board of directors. how has the actual representation impacted labor strife over in europe, for example? >> you know, there is some strife, but i think there is also more of a sense that we're all in this together. as you point...
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well, the economy is worse now than it was then. frankly, if you look at the dynamic shift in demographics our entitlements are growing at a time when our working population is decreasing. the only answer to all these problems is sustained economic growth. it's the economy, stupid. megyn: what if the republicans say we agree, raise the taxes on the rich. and then what would happen? then what they would be debating about when that most likely didn't fix the problem, quick last word. >> it's a terrible position for the republicans to be in. their only negotiating coin right now. and to give in without doing something to figure out these entitlement program would be a disaster for the republican party. megyn: michael, thanks. coming up, a provocative column in the "wall street journal" on race in america. megyn: the teacher's union in buffalo, new york attracted national attention when we learned their contract benefits include coverage for taxpayer turned plastic surgeries. the issue came up again and trace gallagher picks up our stor
well, the economy is worse now than it was then. frankly, if you look at the dynamic shift in demographics our entitlements are growing at a time when our working population is decreasing. the only answer to all these problems is sustained economic growth. it's the economy, stupid. megyn: what if the republicans say we agree, raise the taxes on the rich. and then what would happen? then what they would be debating about when that most likely didn't fix the problem, quick last word. >>...
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about the economy. martha: it will be interesting to see what timothy geithner brings to these discussions today. we'll be reporting on it and you will be there on the hill. thank you very much. >> we'll look forward to it. thanks, martha. martha: all right. bill: there is a controversial vote set to take place today at the united nations and the u.s. is expected to vote against it. eric shawn's live at the u.n. eric, good morning to you, what is the vote about first of all and what's expected to happen? >> reporter: good morning, bill. the vote on the palestinians, a nonmember observer state. we expect to hear from palestinian authority president mahmoud abbas within the next hour. that vote coming after he turned president obama down flat. the u.s. does not want this vote. the palestinians made a move for it last year in the security council where we have a veto. there is no u.s. veto in the 193-member general assembly where it is expected to pass overwhelmingly later this afternoon. last year the pal
about the economy. martha: it will be interesting to see what timothy geithner brings to these discussions today. we'll be reporting on it and you will be there on the hill. thank you very much. >> we'll look forward to it. thanks, martha. martha: all right. bill: there is a controversial vote set to take place today at the united nations and the u.s. is expected to vote against it. eric shawn's live at the u.n. eric, good morning to you, what is the vote about first of all and what's...
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what that does, it lifts the cloud of default over the economy. the president has increased the debt limit. congress has a chance to express approval of that. it's a very smart way by the senator with impeccable credentials to lift this threat. >> you said that he never intended it to be permanent? >> but, again, it was a good idea then, it's a good idea going forward. it came from him. it wasn't our idea. that makes a lot of sense. what you said that wasn't quite right, what we laid out for them was, a detailed set of reforms in health programs, government programs over ten years, which are going to be tough, but we think they make sense. they don't like all those changes, they might want to go beyond that. but they have to tell us what those things are. you're right on the revenue side. we're proposing to let the rates go back to clinton levels. that would be a good thing to do as a sensible economic policy, and we want to combine that with tax reforms that will limit deductions. there's no surprise in this. we have been proposing this for a ver
what that does, it lifts the cloud of default over the economy. the president has increased the debt limit. congress has a chance to express approval of that. it's a very smart way by the senator with impeccable credentials to lift this threat. >> you said that he never intended it to be permanent? >> but, again, it was a good idea then, it's a good idea going forward. it came from him. it wasn't our idea. that makes a lot of sense. what you said that wasn't quite right, what we...
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a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now it's down to 6.9%. that's because of a lot of things. partly trade enforcement that you've talked about. and partly the auto rescue. all those things together. i think the president knows that we need to continue to make sure the regulations are strong. part of that is done by his administration and part of it is by congress. we know he will work with senator merkley, senator schumer, people who have been involved on these issues. and i'm optimistic we move forward. >> thank you for joining us tonight. >>> coming up, senator mitch mcconnell rails against reform, but john mccain doesn't agree. michigan senator debbie stabenow on filibuster reform. >>> later senator john kerry delivers an
a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now it's down to 6.9%. that's because of a lot of things. partly trade enforcement that you've talked about. and partly the auto rescue. all...
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our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this thing happen? >> i really got the feeling that they understood the stakes here. while they really wanted to hear from us, what they heard from the dozen small business people in the room who represented about 150,000 in our various progressive small business organizations was don't raise taxes on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to
our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this...
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Dec 6, 2012
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think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. a new abc news/washington post poll say they would back hillary clinton. it's helpful no one has run a campaign against clinton for the past four years and also helping her numbers is 68% approve of the job she's done as secretary of state for this country. >>> welcome back to "hardball." we know now that mitt romney blames his loss on obama's gifts. i should put the quote marks around that. the much maligned 47% came out in force. last night paul ryan distanced himself from his running mate's remarks. take a look. >> both parties tend to divide americans into our voters and their voters. let's be really clear. republicans must steer far clear of that trap. we must speak to aspirations and anxieties of every american. >> you know, it's hardly a month
think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. a new abc news/washington post poll say they would back hillary clinton. it's helpful no one has run a campaign against clinton for the past four years and also helping her...
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think of the economy as a car and the rich man is the driver. if you don't give the driver, ç he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. a new abc news/washington post poll say they would back hillary clinto
think of the economy as a car and the rich man is the driver. if you don't give the driver, ç he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best...
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so do your duty, america, bring our economy back from the brink. we've got a lot to talk about on this wednesday, december 5th. thanks for joining us. including a shameful display of partisanship in congress that resulted in the voting down of a u.n. treaty aimed at spreading rights for disabled people. even the venerable bob dole could not bring both sides together on this one. also major unrest in egypt as 100,000 protesters stormed the palace in cairo forcing president morsi to flee. we'll update you on the situation there. but first our top story live here at 5:30 a.m. at 30 rock in new york city. and we begin with the latest on the rapidly approaching fiscal cliff deadline of automatic tax hikes on everybody and what appears to be a stalemate in the negotiations. in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right
so do your duty, america, bring our economy back from the brink. we've got a lot to talk about on this wednesday, december 5th. thanks for joining us. including a shameful display of partisanship in congress that resulted in the voting down of a u.n. treaty aimed at spreading rights for disabled people. even the venerable bob dole could not bring both sides together on this one. also major unrest in egypt as 100,000 protesters stormed the palace in cairo forcing president morsi to flee. we'll...
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Dec 2, 2012
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is the world economy prepared to deal with another oil shock? the answer is no. >> until we can develop alternative fuels for transportation, the world remains at the mercy of the oil markets. weaning ourselves off fossil fuels is a slow and expensive business. but there is a fossil fuel that is relatively cheap and also plenty full. natural gas. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. i got your campbell's chunky soup. mom? who's mom? i'm the giants mascot. the giants don't have a mascot! ohhh! eat up! new jammin jerk chicken soup has tasty pieces of chicken with rice and beans. hmmm. for giant hunger! thanks mom! see ya! whoaa...oops! mom? i'm ok. grandma? hi sweetie! she operates the h
is the world economy prepared to deal with another oil shock? the answer is no. >> until we can develop alternative fuels for transportation, the world remains at the mercy of the oil markets. weaning ourselves off fossil fuels is a slow and expensive business. but there is a fossil fuel that is relatively cheap and also plenty full. natural gas. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my...
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Dec 1, 2012
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consumer spending is a big driver of the economy, but don't let all the hype ruin your personal economy. be smart about your money, it will make you rich and probably much happier than any holiday gift. >>> coming up, we're walking a financial tight rope. this calls for a serious balancing act and if congress stumbles, we're the ones who fall down. i'll rant on that after the break. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ it's called passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. so does aarp, serving americans 50 and over for generations. so it's no surprise millions have chosen an aarp dicare supplement insurance plan, insured by
consumer spending is a big driver of the economy, but don't let all the hype ruin your personal economy. be smart about your money, it will make you rich and probably much happier than any holiday gift. >>> coming up, we're walking a financial tight rope. this calls for a serious balancing act and if congress stumbles, we're the ones who fall down. i'll rant on that after the break. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than...
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Dec 5, 2012
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i have only seen one study of the various options for how the economy will react if, for example, we raised more money than simply fail. were we fail without a sharp interest rate. another scenario would be to have a repeat of the suez canal situation. if they don't pull their troops out of the suez canal, when they were going to take it over, we wouldn't roll over their debt. i am just not sure as i go from seminar to seminar if the debt, this morning, for example, there is no one sitting there that says i am the person who represents the debt, the negative cost and that of continuing where we are going. had we adequately communicated that, but it's not just an individual reelection at stake, it is jobs at stake. .. >> what does it take for us to grow? investment the future. investment, it equipment equipment, education, infras tructure.e question many people don't want to consider is where do we get those resources with the enormous debt? hi asked if they bled paint her reasonable picture of the interest cost if we did nothing. their estimate was follows, within 25 years the intere
i have only seen one study of the various options for how the economy will react if, for example, we raised more money than simply fail. were we fail without a sharp interest rate. another scenario would be to have a repeat of the suez canal situation. if they don't pull their troops out of the suez canal, when they were going to take it over, we wouldn't roll over their debt. i am just not sure as i go from seminar to seminar if the debt, this morning, for example, there is no one sitting...
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really happening to the global economy with. global financial headlines kaiser reports. it was not. a huge contract. it was not the operation to secure. a. contract. it was the campaign for making billions of dollars for. forty. eight billion dollars. for two years. more news today. these are the images being from the streets of canada. in china. today. well go back to that i slow liberal rumble joining me again neil mccabe and horace cooper let's get back to it first of all a number of republicans talk about grover norquist number of probably going to come forward in recent days to disavow grover norquist pledge to never raise taxes public and senator bob corker republican senator lindsey graham saxby chambliss yes a republican representative tom cole called on his fellow republicans to take the president's deal and extend the tax cuts for ninety eight percent of americans letting them expire for the top two for two percent so neil you had breakfast today with grover norquist who's a small kid i have i have a little test kid here to measure whether you've been poisoned or not but y
really happening to the global economy with. global financial headlines kaiser reports. it was not. a huge contract. it was not the operation to secure. a. contract. it was the campaign for making billions of dollars for. forty. eight billion dollars. for two years. more news today. these are the images being from the streets of canada. in china. today. well go back to that i slow liberal rumble joining me again neil mccabe and horace cooper let's get back to it first of all a number of...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> it has become a familiar scene. egyptian citizens flooding the streets demanding their inalienable rights. egyptian president morsi and his muslim brotherhood have no desire to expand the freedom of its citizens. they're about to implement syria law. they're protesting the seizure of unrestricted powers by the nation's islamist president and his draft helicopters substitution. what you're looking at is the worst explosion of protesters since the removal of mubarak. women have no rights, no protection from the government unthe new law. i hear one thing from the usually deafening voices of women's liberal groups. silence. is birth control the only defining issue of the u.s. feminist movement? what a double standard we
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> it has become a familiar scene. egyptian citizens flooding the streets demanding their inalienable rights. egyptian president morsi and his...
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley. ♪ nature valley granola bars, nature at its most delicious. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. sfx- "sounds of african drum and flute" look who's b
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley....
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Dec 3, 2012
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember...
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Dec 5, 2012
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think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> never too early for pollsters to start head to 2016. guess who's looking very strong? hillary clinton. aç new abc news/washington pos poll say they would back hillary clinton. it's helpful no one has run a campaign against clinton for the past four years and also helping her numbers is 68% approve of theon she's done as secretary of state for this country. i'm done! "are you a cool mom?" i'm
think of the economy as a car and the rich man is the driver. if you don't give the driver, he'll drive you over a cliff. >> that's an aside show and this is "hardball," the place for politics. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed...
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Dec 5, 2012
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the president seems to be just fixated on increasing tax rates even though they may hurt the economy and i'm concerned if we go over the cliff, that what we're going to see is unemployment back above 9% and we'll see, you know, a country where we're in a second recession. >> all right. the senator is absolutely right. what we heard from president in recent days amounts to nothing more than con descending lectures. in fact, he sounds like the same hyperpartisan canada that we saw on the campaign trail, you know, the one that worked tire leslie to demonize success. the president appears to have a out right unhealthy fixation on increasing taxes regardless of the consequence and bring on the fiscal cliff. he says who cares if we spiral into another recession. if unemployment goes back up to 9%, that's not the president's problem because in his mind if that happens, he'll have yet another golden opportunity to wash his hands of all of his failures and then arrogantly blame the republican party. to make matters worse, we're learning today that president obama is a far cry away from waging
the president seems to be just fixated on increasing tax rates even though they may hurt the economy and i'm concerned if we go over the cliff, that what we're going to see is unemployment back above 9% and we'll see, you know, a country where we're in a second recession. >> all right. the senator is absolutely right. what we heard from president in recent days amounts to nothing more than con descending lectures. in fact, he sounds like the same hyperpartisan canada that we saw on the...
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Nov 29, 2012
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. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a point we should agree op. >> tom cole also made it clear he is still a boehner loyalist. >> i fully support him. what he's trying to achieve, which is no rate increase, but try and meet the president partway on revenue. i support that. i suspect he'll negotiate a good deal. at the end of the day, he'll come back and ask us to support him. i'll probably help him again. >> okay, so, what did boehner loyalist tom cole do after they said that on "hardball" at 5:00? now, remember, john boehner heard him say that on "hardball" or his staff instantly reported to him exactly what tom cole just said on "hard
. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a...
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Nov 29, 2012
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i think he ran the campaign on a very narrow basis, by deflecting everything back to the economy. that's what he did in the primary and that's what he said he was going to do from the beginning. he just executed a plan that didn't work. the very people criticizing him were the people supporting him saying he was going to win. >> we just talked to senator john cornyn, he said he's pessimistic that they will get a deal. but tom cole urged republicans to take the obama deal right now. here is the clip quickly. >> my view, we all agree that we're not going to raise taxes on people that make less than $250,000, we should take them out of this discussion right now, and continue to fight against any rate increases and continue to work honestly for a better deal. >> that's what the president wants, extend them for everyone under $250,000. i'm curious what you think. do you think that someone like cornyn, someone like boehner is the right leader for the party, or someone more like what cole is saying? >> there is a strategy to putting together a deal and that goes for, in washington, d.c.
i think he ran the campaign on a very narrow basis, by deflecting everything back to the economy. that's what he did in the primary and that's what he said he was going to do from the beginning. he just executed a plan that didn't work. the very people criticizing him were the people supporting him saying he was going to win. >> we just talked to senator john cornyn, he said he's pessimistic that they will get a deal. but tom cole urged republicans to take the obama deal right now. here...
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Dec 6, 2012
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rowe price, we understand the connections of a complex, global economy. t's just one reason over 75% of our mutual funds beat their 10-ar lipper avage. t. rowe price. investwith confidence. request a prospectus or summary prospectus with investment inforon, before investing.xpto ready gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her kes 50% more cash. but i'm upping my game. do you want a candy cane? ye doant the puppy? yes! do you want a tricycle? yes! do you want 50 percent me cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who li more cash. what's in your wallet? >>> in the rewrite tonight, politics gangham style? >> you did okay. >> we got a lot of tweets about the pronunciation. when you say gangham the initial g is halfway between a g and k but don't aspirate the k. i don't know what that means. let's get the official, correct pronunciation from our digital producer. >> th
rowe price, we understand the connections of a complex, global economy. t's just one reason over 75% of our mutual funds beat their 10-ar lipper avage. t. rowe price. investwith confidence. request a prospectus or summary prospectus with investment inforon, before investing.xpto ready gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her kes 50% more cash. but i'm upping my game. do you want a candy cane? ye doant the puppy? yes! do you want a tricycle? yes!...
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Nov 29, 2012
11/12
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it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have been made. but several options are being looked at, including providing arms to anti-government fighters. a decision on whether to deploy surface-to-air missiles in neighboring areas is likely next week. >>> and a major milestone is expected at the u.n. today, when the general assembly votes to giv
it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since....
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that kproit duce a larger economy in the long run. when we couple that with the fact both sides feel they have a mandate on taxes is there a benefit to going over the cliff and figuring out from the bottom? >> from the democratic point of view this is really simple. if you look at the economics and you look at the politics of this, there's one simple inescapable fact which is for millionaires and billionaires taxes will go up. the president ran on this. the country is with him on this. look at the economics it the only way to address the problem is to cut taxes on millionaires or billionaires. the other option for our republican friends, if they want to make the decision and tell the country that their message is they want to address this problem by cutting programs for poor people and for sick grand mothers they can do that. >> i don't know of any reasonable democrat who doesn't say there needs be work done on entitlement reform. without a doubt. you hear it from everybody. even the president agrees we have to cut spending. so it's n
that kproit duce a larger economy in the long run. when we couple that with the fact both sides feel they have a mandate on taxes is there a benefit to going over the cliff and figuring out from the bottom? >> from the democratic point of view this is really simple. if you look at the economics and you look at the politics of this, there's one simple inescapable fact which is for millionaires and billionaires taxes will go up. the president ran on this. the country is with him on this....
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. >> not only do immigrants help build our economy, they invigorate our soul. america can be a lawful society and a welcoming society at the same time. as our nation debates the proper course of action relating to immigration, i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> it's a very interesting reminder. jeb bush, of course, has been very outspoken but there is a different wing of the republican party. >> we george w. bush talk about taking a softer line on immigration the day after republicans in the senate refused to ratify a treaty on discrimination against disabled people. those are two different courses for the republican party and i see one thing that strikes me, you have george w. bush here, robert dole, another former presidential nominee on the floor of the state. the party is moving on. these are not the most powerful voices in the party. the speeches we heard yesterday from marco rubio and paul ryan are i think more influential when trying to look at where is the republican party going to go. >> and, in
. >> not only do immigrants help build our economy, they invigorate our soul. america can be a lawful society and a welcoming society at the same time. as our nation debates the proper course of action relating to immigration, i hope we do so with a benevolent spirit and keep in mind the contribution of immigrants. >> it's a very interesting reminder. jeb bush, of course, has been very outspoken but there is a different wing of the republican party. >> we george w. bush talk...
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Dec 7, 2012
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you want to make sure the debt is not growing faster than the economy. that's going to take $4 trillion in savings. you need all parts on the table and constructed in a thoughtful way so that revenues are raised in ways that are good for the economy as possible, and that when we're looking at the spending in the budget, we reform our entitlement programs and reduce spending in way that's thoughtful and good for the economy. it's going to take a lot to get there, but i actually think most of the policy ideas are well known and we're now in this political negotiation where i think there's a lot of support for having them, if they're going to go through all this, have a deal big enough to fix the problem. >> what do you say, two things, first of all, it to those who say that the economy is still sputtering along, weakness in the manufacturing sector, for instance, that this isn't the right time for dramatic cuts and secondly, that the debt ceiling deal will not be averted because the republicans have said that is a nonstarter. this could be a negotiating po
you want to make sure the debt is not growing faster than the economy. that's going to take $4 trillion in savings. you need all parts on the table and constructed in a thoughtful way so that revenues are raised in ways that are good for the economy as possible, and that when we're looking at the spending in the budget, we reform our entitlement programs and reduce spending in way that's thoughtful and good for the economy. it's going to take a lot to get there, but i actually think most of the...
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and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts they're willing to make and we'd like to thank the president for adopting the fox news slogan there and as we get closer to the fiscal cliff, both sides seem to be standing tough and what about the coverage, jim in. >> i think the debate overall that began with simpson bowls saying we should roughly have tax cuts, tax increases, pardon me, and spending cuts and so the media narrative is sort of, can we get simpson bowls through a recalcitrant republican congress? and what's changed though, i think it's really a role call, daniel new house and mary anne shiner, says simpson and bowls are no longer part
and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts...
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that kind of agreement would be good for our businesses, good for our economy. it would be good for our children's future. i believe both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> americans are divided a as to what the solution should be to reach some sort of agreement on the fiscal cliff. look at this abc news/washington post survey that says 60% of americans support raising taxes on the wealthy. 37% oppose it. what about reducing deductions? 44% support it. 49% oppose it. americans, much like lawmakers, want a solution to the problem but clearly divided on how to get there. >> the consensus is there to solve it. the question is how. president obama is meeting with mitt romney today. >> big news. >> do you have any idea what they plan to discuss? >> they are having lunch at the white house this afternoon. the president talked about this after his re-election. he said he wanted to sit down with mitt romney, talk about ways to move the country forward. but the president pointed o
that kind of agreement would be good for our businesses, good for our economy. it would be good for our children's future. i believe both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> americans are divided a as to what the solution should be to reach some sort of agreement on the fiscal cliff. look at this abc news/washington post survey that says 60% of americans support raising taxes on the wealthy. 37%...
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economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in the proposal they made the other day. you have republicans repeatedly going back to the president and saying here is what we'll do. he says no, here is what we'll do going further. we are in this cycle now where the republicans are at the point they are done doing that. he talked to republicans. spent the better part of the day talking about the way out of this. increasingly you are hearing from republicans on the house and senate side we are done looking for compromise on this. we want a way out. looking for an exit plan. >> bret: meantime, the pentagon is now saying that they are preparing for sequestration, as the other agencies. getting ready for what happens. how much can the government hold off the bad things that happen on the first of the year? >> hold off some of it for a few months but this is a catastrophe. the president says rattling the cage, that will a
economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in the proposal they made the other day. you have republicans repeatedly going back to the president and saying here is what we'll do. he says no, here is what we'll do going further. we are in this cycle now where the republicans are at the point they are done doing that. he talked to republicans. spent the better part of the day talking about the way out of...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. nine grams protein. zero fat. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> after president obama was sworn into office in january 2009, he decided that his first tv interview, his first tv interrue he would give as p
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ]...
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Dec 4, 2012
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somebody who has millions and millions of dollars another $100,000, they're not going to spend it into the economy and hire someone, they're going to send it to the caymans, which is what mitt romney did with his tax cuts. that's what they're going to do. the economic theory is not sound. if you give somebody with $50,000 another $1,000, they're going to spend it. >> at christmastime instead of a working stiff gets $50 for a thank you, they gave their 50 bucks to the boss. is that how -- >> by the way, a long time before the tea party existed or had a name, grover norquist, the famous anti-tax lobbyist in washington, was running around beginning to enforce ayatollah-style his edict about taxes, and he got republicans beginning back in the '80s to sign these tax pledges, which, as i say, that tax pledge has really become the core identity of the modern conservative republican party. >> okay. we got a new candidate, fred barnes, he's a smart conservative. he's not some crazy. he would like to give the tax cut at a million. here is what he wants to do. an increase in the individual income tax rate fo
somebody who has millions and millions of dollars another $100,000, they're not going to spend it into the economy and hire someone, they're going to send it to the caymans, which is what mitt romney did with his tax cuts. that's what they're going to do. the economic theory is not sound. if you give somebody with $50,000 another $1,000, they're going to spend it. >> at christmastime instead of a working stiff gets $50 for a thank you, they gave their 50 bucks to the boss. is that how --...
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Nov 30, 2012
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. >> members of his own party seem quite comfortable with sending the economy over the fiscal cliff. no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> speaker boehner doesn't want to propose spending cuts, so now he's trying to pressure the white house to do it. >> there's been no serious discussion of spending cuts so far. and unless there is, there's a real danger of going off the fiscal cliff. >> a reporter asked senate majority leader harry reid about speaker boehner's comments. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect then? >> i don't understand his brain, so you should ask him. okay? >> and, of course, another day more republicans dumping grover norquist. among nebraska and is iowa republicans, most of them told the world herald this week they could support a broad budget agreement, even if the deal ends up including higher tax revenues. i won't have a problem with letting those tax rates go up, representative mike simpson said to reuters. but new york
. >> members of his own party seem quite comfortable with sending the economy over the fiscal cliff. no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> speaker boehner doesn't want to propose spending cuts, so now he's trying to pressure the white house to do it. >> there's been no serious discussion of spending cuts so far. and unless there is, there's a real danger of going off the fiscal cliff. >> a...
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how does this stimulate the economy and how does it solve the debt? the president's proposal is $160 billion of new taxes a year on a $1 trillion problem. we've got to get to the spending side. >> let me play for you what the president said about this. >> unfortunately, the speaker's proposal right now is still out of balance. he talks for example about $800 billion from revenues but says he's going to do that by lowering rates and when you look at the math it doesn't work. >> he says, congressman, the math doesn't add up. >> i'd like to see how he's doing his math on his spending cuts. so far take the spending cuts from last year and count them again this year, also going to end the war in 2014 so we'll have savings, won't wore row as much and take that as $2 trillion in savings. neither of those are real savings or cuts. the statement we won't borrow as much because we're ending the war and saying we never did a tax increase let's count it again is absurd. >> the $800 billion proposal independent experts looked at this and say technically you have t
how does this stimulate the economy and how does it solve the debt? the president's proposal is $160 billion of new taxes a year on a $1 trillion problem. we've got to get to the spending side. >> let me play for you what the president said about this. >> unfortunately, the speaker's proposal right now is still out of balance. he talks for example about $800 billion from revenues but says he's going to do that by lowering rates and when you look at the math it doesn't work. >>...